Whitestone REIT (NYSE:WSR - Get Free Report)'s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $12.83 and traded as high as $13.38. Whitestone REIT shares last traded at $13.31, with a volume of 143,846 shares changing hands.
Wall Street Analysts Forecast Growth
A number of research analysts recently commented on WSR shares. Truist Financial increased their target price on Whitestone REIT from $14.00 to $15.00 and gave the company a "buy" rating in a research note on Tuesday, August 13th. JMP Securities restated a "market outperform" rating and issued a $15.00 target price on shares of Whitestone REIT in a report on Thursday, September 19th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $15.00.
Get Our Latest Stock Analysis on WSR
Whitestone REIT Stock Performance
The stock has a market cap of $664.97 million, a P/E ratio of 27.73, a PEG ratio of 2.20 and a beta of 1.26. The company has a quick ratio of 1.93, a current ratio of 1.93 and a debt-to-equity ratio of 1.57. The business has a 50 day moving average price of $13.31 and a 200 day moving average price of $12.84.
Whitestone REIT Announces Dividend
The firm also recently declared a monthly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Tuesday, December 3rd will be paid a dividend of $0.0413 per share. The ex-dividend date is Tuesday, December 3rd. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.72%. Whitestone REIT's payout ratio is 102.08%.
Insider Transactions at Whitestone REIT
In other Whitestone REIT news, Director Julia Bruns Buthman acquired 5,000 shares of the business's stock in a transaction dated Wednesday, September 4th. The stock was acquired at an average cost of $12.99 per share, for a total transaction of $64,950.00. Following the completion of the transaction, the director now directly owns 8,093 shares of the company's stock, valued at $105,128.07. This represents a 100.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 5.50% of the company's stock.
Whitestone REIT Company Profile
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Whitestone REIT NYSE: WSR is a community-centered real estate investment trust (REIT) that acquires, owns, operates, and develops open-air, retail centers located in some of the fastest growing markets in the country: Phoenix, Austin, Dallas-Fort Worth, Houston and San Antonio. Our centers are convenience focused: merchandised with a mix of service-oriented tenants providing food (restaurants and grocers), self-care (health and fitness), services (financial and logistics), education and entertainment to the surrounding communities.
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